Wellpoint's Supreme Bet

Buy call options for a controlled wager on impact from the coming Obamacare High Court decision.

The Supreme Court's pending ruling on the constitutionality of Obamacare is a made-for-Wall Street event, especially for options traders.

If the Supreme Court strikes down the health-care reform law, WellPoint's (WLP) stock may rise 75%, according to the current issue of Barron's "How to Play the Obamacare Ruling") because the company will not have to implement a variety of costly new procedures. The court's decision is...